Print out the assessment task cover sheet

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Assessment Task 1 Cover Sheet 8

Assessment Task 1: Written questions 9

Assessment Task 2 Checklist 20

Assessment Task 3: Monitor and control finances project 22

Assessment Task 4 Checklist 30

Final results record 31

Assessment Task	Overview
Written questions	You must correctly answer all questions.
Budget planning project	You must complete a budget template and participate in a meeting to discuss the budget. You must then present the budget to your team.
	You must review budget figures and report on these as part of monitoring processes.
	You must review and evaluate financial management processes

When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement. Fill it out, sign it and hand it to your assessor, who will countersign it and keep it on file.

Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you.

Each assessment task in this booklet consists of the following:

Assessment Task Cover Sheet

Depending on the task, this may include

resubmitting incorrect answers to questions (such as written questions and case studies)

This gives you:

a summary of the assessment task

This includes questions you will need to answer or tasks that you need to complete.

Your answers must be typed using software as indicated in the assessment task Instructions.

Each should include:

Course identification code

For example, BSBFIM501 AT2 Revised Marketing Budget Joan Smith 20/10/20.

Icons

Marketing Budget Template
Finance Policy and Procedures

Campus Budget Report Template

Assessment Task 4:

This will be used by your assessor to mark your assessment. Read through this checklist as part of your preparation before beginning the assessment task. It will give you a good idea of what your assessor will be looking for when marking your responses or observing your performance.

Student assessment agreement

Have you read the assessment requirements for this unit?	Yes	No
Do you understand the requirements of the assessments for this unit?	Yes	No
Do you agree to the way in which you are being assessed	Yes	No
Do you have any specific needs that should be considered	Yes	No
If so, explain these in the space below.

To be filled out and submitted with assessment responses

I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).

Student name
Student ID number
Student signature
Date

Feedback

Student result response

Student signature
Date

Task summary

This is an open-book test, to be completed in the classroom.

Access to textbooks and other learning materials.

Computer with Microsoft Office and internet access.

Assessment criteria

All questions must be answered correctly in order for you to be assessed as having completed the task satisfactorily.

You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.

Written answer question guidance

Explain the basic principle of double entry bookkeeping.
Describe the principle of cash accounting and one advantage and one disadvantage of this method of accounting.
According to GST legislation, list four items that do not attract GST.
Explain the process by which a business reports GST to the Australian tax office.
Describe the type of entity that is required to have financial reports audited.
Explain the purpose of a financial audit and auditor’s report.

Ways to improve cash inflows	Example

Explain three key principles relating to the management of a chart of accounts.
Explain the purpose of a profit and loss statement and give two of its key features.

Assessment Task 2: Budget planning project

Task summary

Access to textbooks and other learning materials
Computer with Microsoft Office and internet access

Timing

Your assessor will advise you of the due date of these submissions.

For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete further assessment to demonstrate competence.

Resubmission opportunities

Assessment Task 2 Instructions as provided to students

Complete the following activities:

As the Marketing Manager for the company, you are allocated a budget each year to spend on marketing.

This year the budget you have been allocated is $25,000, which is approximately 10% of revenue. Your budget does not include salaries and wages of staff, which is accounted for through another cost centre.

Online communications: newsletters, websites. Blogs, Twitter (zero cost: staff time only)
Stand at the Education Expo in December (Package deal $3,300)

Put this item in your budget, but it can only remain in the budget if the CEO agrees to it.

Develop a draft marketing budget.

The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.

It should introduce and summarise the contents of the attachment and ask for an appointment to discuss it with them.

	Save this document as Revised Marketing Budget.

Send an email to the CEO (your assessor).

The final part of the assessment requires you to meet with your team to confirm the budget for the year.

You are also required to introduce the team to the company’s Finance Policies and Procedures, so revise this before the meeting, and write a short summery of it to share with your team.

Provide an outline of the Finance Policies and Procedures.

During the meeting, demonstrate effective communication skills including:

Using active listening techniques to confirm understanding

Assessment Task 2 Checklist

Task outcome:
Assessor signature:
Assessor name:
Date:

You must review budget figures and report on these as part of monitoring processes.

This assessment is to be completed in the simulated work environment in the RTO.

Campus Profit and Loss
Marketing Budget Report Template

Email with the following attached:
- Actual marketing budget

Resubmission opportunities

You will be provided feedback on your performance by the assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.

Complete the following activities:

Carefully read the following.

Update the marketing budget.

Review the Campus Profit and Loss figures from the two campuses.

Your campus budget report should include:

- Suggested solutions to any variances

Use the Campus Budget Report Template to guide your work

Student’s name:
Did the student:	Completed successfully?		Comments
Did the student:	Yes	No
Interpret and analyse information for budget reporting?
Monitor and report on expenditure and costs?
Record budget information in required documents?
Modify contingency plans?
Report on budget and expenditure?
Interpret a profit and loss account?
Evaluate the campuses’ performance based on financial information provided?
Recommend solutions in relation to variances?
Task outcome:
Assessor signature:
Assessor name:
Date:

Assessment Task 4: Debtor management project

Task summary

Computer with Microsoft Office and internet access
Access to the internet

Submit

Email with Aged Debtor Report attached.

Resubmission opportunities

You will be provided feedback on your performance by the assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.

Complete the following activities:

Write an Aged Debtor Report for the CEO.

Send an email to the CEO (your assessor).

	The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.

Student name:
Assessor name:
Date

I would like to appeal this assessment decision.

Student signature: Date: